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AGENDA
 
Takaful & re-Takaful Day 18th October 2011
08:00 – 09:00 Registration & Refreshments
09:00 – 09:15 Keynote Address
Dr Saleh J. Malaikah - Chairman of the Board, BEST Re & Vice Chairman & Chief Executive Officer, SALAMA Group
09:15 – 09:30 Chairperson's Introduction
Sohail Jaffer - Partner, FWU Group Luxembourg
09:30 – 10:30 Session 1: Takaful and re-Takaful in the Developing Islamic Finance Industry (Speakers meeting at 08:30)
 
• Growth forecast review: Is the Takaful industry on track in reaching its full potential
• Re-examining the difference between Takaful and conventional insurance
 
  • Compete or complement?
  • Conflict of interest when the parent company is conventional
  • Knowledge transfers: Encouraged or discouraged?
  • Conventional insurance principle applicable to Takaful
• Recent regulatory initiatives to further drive the growth of the Takaful industry

Guest Moderator: Dato' Hj Syed Moheeb - Chief Executive Officer, Takaful Iklas
Panelists: Chakib Abouzaid - Chief Executive Officer, Takaful Re
  Ismail Mahbob - President & Chief Executive Officer, MNRB Retakaful
  Mohammad Rais Abu Noh - President & CEO, Labuan Reinsurance
  Tobias Frenz - Chief Executive Officer, Munich Re Retakaful
10:30 – 10:45 Presentation: Achieving International Connectivity in Takaful and Retakaful
Azleena Idris - Deputy Director Islamic Banking & Takaful, Bank Negara Malaysia
10:45 – 11:15 Break & Networking
11:15 – 12:15 Session 2: Risk and Risk Management in Takaful and re-Takaful Sector (Speakers meeting at 10:45)
 
• Identifying risks: Financial, strategy, operational and others
• Re-Takaful: Risk transfer or risk sharing? What other risk mechanisms are there available for Takaful and re-Takaful operators?
• Ratings: Why are they now important to Takaful and re-Takaful companies
• Audit and Shariah audit and compliance practices and challenges
• Key governance issues: Disclosure and transparency of investments and risk management within fund structures

Dawood Taylor - Senior Regional Executive - Takaful Middle East, Prudential Corporation Asia (PCA)
Marcel Omar Papp - Head Retakaful, Swiss Re Retakaful
Anita Menon - Executive Director, KPMG Business Advisory
Connie Wong - Senior Director - Insurance Ratings, Standard & Poors
Wan Saifulrizal Wan Ismail - Associate Director, Towers Watson
12:15 - 12:30 Presentation: Shariah-Compliant Captive
Aderi Adnan - Islamic Finance and Banking Advisor, Labuan IBFC
12:30 - 14:00 Luncheon
14:00 - 14:45 Session 3: Market Penetration, Distribution Channels and Customer Statisfaction (Speakers meeting at lunch (table will be reserved))
 
• Increasing Takaful firms distribution channels
• Takaful brokers and agents: Ensuring their success to ensure yours
• Micro-Takaful as a method to increase market penetration?
• Providing competitive and equitable underwriting standards
• Product diversification: Meeting customers needs via bancaTakaful and investment-linked products
• Reaching your customers: Simplified product descriptions, friendly payment methods and easy claim procedures

Panelists: Azim Khursheid Ahmed Mithani - Chief Executive Officer, Prudential BSN Takaful
  Susan Dingwall - Partner (Takaful), Norton Rose
  Zainudin Ishak - Chief Executive Officer, HSBC Amanah Takaful (Malaysia)
  Srikandi Utami - Head of Shariah, PT Sun Life Financial Indonesia
14:45 - 15:30 Session 4: Takaful Operational Methods, Practices, Models and Other Success Factors (Speakers meeting at lunch (table will be reserved))
 
• Optimizing investment strategy to reduce solvency requirements in a market of limited investment opportunity
• Investment horizons and approaches available to Takaful and re-Takaful operators
• IFRS4 and risk based capital: What does this mean to today's Takaful operators?
• Different profit drivers and what does it mean for profits and pricing
• Different operational models: Murabahah, Wakalah etc…
• Surplus distribution and ownership: Is it really possible to own surplus?

Hassan Scott Odierno - Partner, Actuarial Partners
Ehsan Zaheed - Chief Executive Officer, Amana Takaful Sri Lanka
Professor Datuk Dr Syed Othman Alhabshi - Shariah Scholar
Dr Nurdianawati Irwani Abdulallah - Shariah Scholar
Nasser Yassin - Consultant, REDmoney Training
15:30 - 15:45 Chairperson's Closing
Sohail Jaffer - Partner, FWU Group Luxembourg
 
 
 
 
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